Senior Vice President of Commercial, Hf Sinclair
Search every verified Jerry Miller interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Jerry Miller, Senior Vice President of Commercial at Hf Sinclair, has been active in real estate investing and historical preservation. In 2023, he discussed his transition from a full-time information systems professional to a commercial real estate investor. He said he began investing in single-family homes 18 years ago and built a portfolio of 48 properties, later investing as a limited partner in a multifamily syndication. Miller emphasized the importance of cash flow, realistic underwriting, and time blocking to scale a real estate business. He also advised passive investors to understand the terms of their contracts and to select general partners with a track record of raising capital. In 2022, Miller presented on the North Central Ohio Industrial Museum, where he serves as president. He spoke about the museum's collection of local manufacturing history, including the work of inventor Harry F. Smith, who held over 200 patents and was a college roommate of Charles Kettering. Miller noted that the museum is located at the historic Mansfield Reformatory and opened in July 2022 after 30 years of planning. In a 2012 seminar, Miller discussed Facebook marketing strategies, advocating for syncing social media platforms, establishing a consistent brand voice, and using incentives to drive engagement. He also commented on Facebook's stock performance, stating that the company's founder appeared committed to long-term growth.
“I set a number at 150% of my expenses — I do want to enjoy life — but I also don't want to leave my day job only to Boomerang back six months later because real estate didn't pan out; when I do leave I want it to be very, very comfortable.”
“Cash flow is King when it comes to single family — pay attention to cash; if you don't have the cash to do a full renovation, keep renting at a reduced rate until you do, because cash flow sustains the business.”
“I bought 13 properties as a portfolio for $320,000 and my bank loaned $320,000 — a small local bank would lend 80% on the value of the portfolio because they weren't selling the loans to Fannie and Freddie, so they had their own underwriting.”
“During COVID my rents increased 40–60% — houses that were $550 a month jumped up to $750–800, which was just a great day to own real estate, though it also priced many cheap houses out of the market.”
“A passive investment looks like buying an airline ticket: you decide where you're going, pay the ticket, then you get in your seat and the operator takes you — that's passive investing; if you want control, active investing is the alternative.”
“One of the biggest obstacles was time — I used time blocking (weekday evenings and Saturday mornings) to carve out consistent real estate hours so deals and systems could scale.”
“If you're operating on a shoestring making $50 a month, it's really hard to replace the $10,000 a tenant might do in damage — you need reserves and realistic underwriting for expenses in lower-end housing.”
“Whatever works today isn't going to work forever — you can't have a one‑track mindset; there are many different ways to make money in real estate and you must adapt as markets and lending change.”
“I like to start off by creating wealth and there's only three ways in honor of Peter Schramm who was the director at the Ashbrook Center at Ashland University and he says you know the schools churches hospitals library theaters did not come first it was from mining farming and manufacturing that you create wealth.”
“Harry Ford Smith held over 200 patents and was associated with a guy you might know Charles Kettering that was his college roommate and the inventor of the electric starter and many other things. Guests at Harry Smith's home included Kettering, Thomas Edison, Henry Ford, the Wright brothers and Louis Bromfield who was...”
“At age 22 he created and operated the gas cold generator factory which manufactured and installed gas coal gasification plants to businesses and municipalities all over the world which was Lexington's largest factory gas producers were units some very large there were oven-like units where coal was heated to give off c...”
“Harry had a salary of one dollar a year to satisfy the bonding company and Harry and his wife Terry were local philanthropists and were extremely generous during World War II. Any Lexington soldier that was wounded, Harry paid off their mortgage and he founded the industrial board in our area and men's service club.”
“We have the seamless tube business started from David Cockley bicycles were big in the late 1800s and tubing came from England. David Cockley either stole the idea or brought the idea to America and we are the home of the first seamless tube company.”
“Westinghouse employed almost 8,200 people at its peak after the war and then Tappan started here in the 1880s. The microwave they didn't invent the microwave that was during the war by Raytheon but Tappan commercialized it and I have those two stones in our museum.”
“My company now Mapco got started in 44 when Tappan didn't want to do the galleys but a company called Mapco did and we're still making products today.”
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Today's guest is Jerry Miller. Jerry has been a full-time Information Systems professional for many years and is making a transition ...
Jerry Miller presents on the North Central Ohio Industrial Museum, featuring inventor of more than 200 patents Harry F. Smith of ...
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